Top 10 Forex Educators and Mentors 2024

Why best Forex educators and mentors are important for Forex trading

Forex trading is a complex form of investing to take on, but it isn’t without its benefits. Forex trading can yield excellent financial results, even with the risks associated with it. For newbie traders, the key is to do as much research as possible, study the market, and learn as much as one can to stay on top of high yields.

Newcomers to the world of foreign exchange trading can benefit significantly by following these top ten Forex mentors. Education is key when entering Forex, and what better way to learn the ins and outs of the market than through the guidance of the pros in the industry? This guide will cover ten of the most popular and most followed Forex educators in 2024. Many of the Forex mentors we’re covering on this list also offer Forex trading courses.

Ezekiel Chew

Ezekiel Chew is the founder of Asian Forex Mentor, a training group for Forex traders. His mentorship has widely been considered some of the best in the industry, as Chew has the experience and know-how that many Forex influencers do not quite have.

Chew is the main Forex coach at Asian Forex Mentor. Through his program, traders can enjoy a comprehensive and personalized learning approach. The course itself covers all of the basics and complexities of Forex, starting from the very basics of Forex trading. Traders can learn how to identify trading systems, read chart patterns, use trading tools, interpret charts, understand trade management methods, and much more. If you’re looking for a completely comprehensive mentorship program, this is the one for you.

Clay Hodges

Clay Hodges founded Ronin Forex group and has since become a trainer and educator for newbie Forex investors. He is well-known for helping traders find resources to acquire funding via outside capital. His teaching processes are very personal – if you decide to work with Ronin Forex Group, Clay opts to train each of his students personally. The goal is to create independent and self-assured traders.

Clay’s Traders Education and Community Programs aim to teach traders about the basics of trading psychology, as well as many different types of forex strategies. His programs also offer trade setups on a daily basis. Where many Forex gurus tend to be more on the influencer side, Clay Hodges is a serious educator and also offers excellent support to his students.

Anna Coulling

Anna Coulling has built an impressive career in financial trading spanning nearly 20 years. In that time, she has proven herself as both an investor and trader, co-founding Quantum Trading Education and gaining wide respect. What sets Coulling apart is her comprehensive grasp of the markets through a holistic three-pronged analysis of technicals, fundamentals, and interpersonal dynamics.

Her journey began trading futures in the pre-internet era, giving her experience across a diversity of assets, from options and futures to stocks and commodities. This broad exposure no doubt informs her multidisciplinary methodology.

Educationally, Coulling holds a diverse Bachelor's degree from the University of London in English, Philosophy, and Psychology from 1965 to 1973. Her wide-ranging academic background likely fostered her multifaceted analytical approach.

As an author, Coulling has made noteworthy additions to trading literature. She's written several bestsellers providing insight into volume price analysis, from "A Complete Guide" to focused works on Forex, stocks, binary options, and cryptocurrencies. Her books reflect her expertise and offer traders valuable resources.

Vladimir Ribakov

Vladimir Ribakov is a professional Forex trader and coach. His trading club is known as Traders Academy Club, and he also runs a Forex blog loaded with trading educational materials. His club has grown quite a bit in recent years and offers a ton in the way of educational materials, trade ideas, chart breakdowns, and live trading room sessions. If you want to access webinars as a beginner or advanced trader, his club is definitely worth looking into.

Andrew Mitchem

Andrew Mitchen is a trader and the founder of “The Forex Trading Coach.” This organization specializes in the mentorship of traders who want to become fully independent and very profitable. This global program is quite valuable and beloved around the globe in over fifty countries.

When taking on this program, learners will learn specifically about Japanese Candlestick analysis. Andrew breaks down the bare basics of charts and candlesticks. Think of his mentorship program as seeing a personal trainer at the gym – you’ll be doing the bulk of the work, but Andrew and the mentorship team are there to provide guidance.

Roman Patterson

Roman Patterson is the founder of Phoenix Capital Group. This new and still-under-construction Forex mentorship company is worth following and waiting for. Currently, the platform has about a hundred members in their trading chat platform. Roman produces weekly market breakdowns as well as trade analyses and ideas for new traders, which can be accessed via his premium chat. His service has been consistently profitable with their Forex trades on a monthly basis, so the proof is definitely in the pudding.

Roman’s mentorship company is still in the works, so it isn’t entirely clear what traders will learn from the program. However, if you want to get started at Phoenix Capital, we recommend taking advantage of the company’s free one-week trial of their premium services, which can be accessed via Roman’s Instagram.

Tamia BJ

Tamia BJ is a Forex mentor and educator, as well as the founder of SIMPLY Rich. Tamia’s goal is to help millennials in particular learn how to build investment income without spending a ton of time throughout the day trading. Specifically, her mentorship program “Learn to trade in 6 S.I.M.P.L.E. days”, is designed to help very uninformed aspiring Forex traders learn how to get started. According to reviews, a majority of Tamia’s clients that started the program in 2024 were able to average at least $100 within their first six days of trading.

Tamia’s program focuses on studying Forex and trading strategies in a simple manner for no more than thirty minutes per day. The goal of the program is to get new traders to become confident in their abilities to grow their investing income with swing trading.

Marc Walton

Marc Walton is a well-known Forex trader with decades of experience. One of the great things about Marc is that he is honest about his failures in Forex, such as when he lost $20,000 in his first three years before finding success in Forex trading.

Marc’s program is called “Forex Mentor Pro”, and he has coached thousands of students over the last decade. Learners will be taught about profitable trading, enjoy private coaching, and learn about the ins and outs of Forex trading as a career. Marc is mostly retired from trading and now focuses more on his mentorship program.

Nick Syiek

Nick Syiek is an influencer, investor, and entrepreneur known for his following on social media. He is the founder of A1, a trading company and mentorship program. His YouTube channel is also popular with new traders, where he dives into the basics and complexities of foreign exchange. Nick is very open about his challenges and successes, making him an excellent mentor to follow.

A1 is a great program to join if you want access to a good trading network and market development news.

Cory Mitchell

Cory Mitchell is a Chartered Market Technician and the founder of TradeThatSwing. He started his trading journey in 2005 with a proprietary day trading firm, where he quickly made a living from his trading within five months. Mitchell's trading career includes extensive experience in day trading stocks, ETFs, Forex, and futures, as well as swing trading. He has been passionate about sharing his knowledge through books, courses, articles, and speaking engagements. Between 2007 and 2018, he ran VantagePointTrading (VPT) but later decided to focus on his trading and family life. In 2020, he launched TradeThatSwing, emphasizing to-the-point, no-nonsense education on trading. Mitchell's approach is about empowering individuals with the skill of trading to better their lives, create extra income, and take control of their finances​.

Best Forex Brokers for 2024

1

9.4/10

Go to broker

Your capital is at risk.
Your capital is at risk.

Minimum deposit:

$1

Bonus for deposit:

0%

Regulation:

ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec

Review

Pepperstone (Pepperstone.com) was founded in 2010 in Melbourne, Australia, by professional traders who were not satisfied with the quality of services provided by most brokers. The founders decided to avoid many of the disadvantages of competitors, including high commissions, delayed execution of orders, etc. The founders therefore focused on improving the technical component. The company has set itself the goal of changing the “rules of the game” and setting the bar high for online trading.
Today, Pepperstone offers clients all over the world some of the best technological solutions and favorable trading conditions. The company also provides professional tools that help traders not only master the fine art of trading, but also significantly increase trading efficiencies. In addition, Pepperstone’s platform is scrutinized by seven regulatory authorities, including ASIC (Australian Securities and Investments Commission, AFSL No.414530), FCA (UK Financial Conduct Authority, 684312), DFSA (F004356), BaFin (151148), CMA (128), SCB (SIA-F217), and CySec (388/20). Moreover, with Pepperstone, clients' assets are maintained in aggregated accounts with several major, global banking institutions. These facts confirm the reliability of the company and guarantee the safety of the client's capital.

Pros/Cons

•Attractive trading conditions;

•Fast order execution - 30 ms on average;

•1,200+ trading instruments;

•Low fees; and

•No inactivity fee.

•Support service works only 24/5;

•No cent account;

•Not available to US clients;

•Limited passive trading opportunities;

•Limited analytical materials available on the site. The only way to resolve this issue is to connect to trading signals;

•No news section; and

•Demo accounts can only trade for free for one month only.

Study Review

2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

$1

Bonus for deposit:

0%

Regulation:

FCA, ASIC, FSCA, SCB, and FSA

Review

Trade Nation has been on the market since 2014 and has an expanded network of representative offices that provide their services to traders from over 190 countries. Its clients can both trade CFDs and use spread betting. The company allows hedging, scalping, social trading, and trading by signals. Trade Nation offers more than 1,000 financial instruments that can be traded with fixed or floating spreads on its in-house TN Trader platform or MetaTrader 4. The broker’s activities are regulated by FCA 525164 (Financial Conduct Authority | the UK), ASIC 422661 (Australian Securities and Investments Commission), FSCA 49846 (Financial Sector Conduct Authority | South Africa), SCB SIA-F216 (Securities Commission of the Bahamas), and FSA SD150 (Financial Services Authorities | Seychelles). None of the offices works with U.S. traders.

Pros/Cons

•Licensed activities in compliance with international laws and trading rules;

•No requirements for the initial deposit;

•Account types with floating and fixed spreads;

•Partnership programs with different reward models;

•No brokerage fees for deposits and withdrawals;

•Cent and demo accounts;

•Negative balance protection for retail clients.

•Technical support isn’t available in instant messengers;

•Traders cannot choose a servicing division;

•Fixed spreads are subject to trading hours and change three times a day.

Study Review

3

9.1/10

Go to broker

Your capital is at risk.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

Study Review

Should I Learn Forex?

The short answer to this would be “Yes!” Forex can be incredibly lucrative and a great source of income. However, due to the nature of the Forex market, there is a lot of volatility and risk involved. No matter your current level of knowledge, it’s vital to learn more about Forex and the current state of the market each and every day. It’s also vital to learn as much about your currency pair of choice as possible.

There are even more reasons to learn how to trade in the Forex market. To start, you need very little in the way of startup capital. Investors don’t require a huge investment to get started. In fact, absolutely newbies can use demo accounts to start trading Forex without any risk to their capital. Demo accounts are simulated trading accounts offered by Forex brokers. These often free accounts are designed to let new traders play around with fake investments and the real movement of the market, so they can be better prepared for real-money trading.

Forex trading offers a ton of time flexibility, high profitability, and high liquidity. Anybody can start Forex trading, regardless of their overall experience or knowledge. However, Forex trading is very risky, which is why following a top-notch Forex mentor can help newbies improve their ability to trade profitably.

How to Choose the Best Forex Educator?

Choosing the best Forex educator to follow doesn’t have to be a difficult task. Realistically, you can follow each and every Forex mentor we’ve mentioned on this list via social media and brokers that allow social trading. That way, you can enjoy the signals they provide, as well as social trading.

Outside of that, there are some things to look for in a Forex mentor. Do your research and look into reviews of their product offering, such as their Forex courses or books. We don’t recommend researching reviews and ratings on a mentor’s own website. Rather, look into review aggregate sites and review sites for a more honest, in-depth look into the quality of their courses.